According to Chip Brown of orangebloods.com, Texas A&M will formally withdraw from the Big 12 Conference on Tuesday.
Earlier on Monday, the university received a letter from Big 12 Commissioner Dan Beebe that outlined "the withdrawal procedures according to the financial provisions of the Big 12 bylaws and mutual waivers of legal claims," Jimmy Burch of the Fort Worth Star-Telegram reports.
Texas A&M informed Beebe of their intentions to move to the Southeastern Conference, a situation that was discussed by the conference's board of directors over the weekend. Texas A&M President R. Bowen Loftin issued the following statement on Monday:
"I certainly appreciate the discussion among the Big 12 presidents/chancellors and the expression for their desire for Texas A&M to remain in the conference," Loftin wrote. "We all agree that Texas A&M is an extremely valuable institution; thus, it is incumbent upon me, as the president of the university, to ensure that we are in a position to enhance our national visibility and future financial opportunity. While this is a complex and long-term decision, it is not our intent to prolong our conference exploration for an extended period of time."
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